iShares Russell 2000 ETF (NYSEARCA:IWM) Reaches New 1-Year High – What’s Next?

iShares Russell 2000 ETF (NYSEARCA:IWM) shares hit a new 52-week high on Wednesday . The stock traded as high as $262.89 and last traded at $261.35, with a volume of 33836370 shares traded. The stock had previously closed at $261.50.

iShares Russell 2000 ETF Price Performance

The firm has a fifty day moving average of $247.86 and a 200 day moving average of $238.69. The stock has a market capitalization of $75.91 billion, a price-to-earnings ratio of 17.69 and a beta of 1.13.

Institutional Investors Weigh In On iShares Russell 2000 ETF

Several hedge funds have recently modified their holdings of IWM. Northern Financial Advisors Inc boosted its position in iShares Russell 2000 ETF by 4.1% during the third quarter. Northern Financial Advisors Inc now owns 1,144 shares of the exchange traded fund’s stock worth $277,000 after purchasing an additional 45 shares in the last quarter. Punch & Associates Investment Management Inc. increased its stake in shares of iShares Russell 2000 ETF by 32.1% during the third quarter. Punch & Associates Investment Management Inc. now owns 185 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 45 shares in the last quarter. Bernard Wealth Management Corp. lifted its stake in iShares Russell 2000 ETF by 0.8% in the 2nd quarter. Bernard Wealth Management Corp. now owns 5,976 shares of the exchange traded fund’s stock valued at $1,290,000 after buying an additional 47 shares in the last quarter. Thoroughbred Financial Services LLC increased its stake in iShares Russell 2000 ETF by 1.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,277 shares of the exchange traded fund’s stock worth $707,000 after buying an additional 48 shares in the last quarter. Finally, Ameriflex Group Inc. lifted its position in shares of iShares Russell 2000 ETF by 8.1% in the third quarter. Ameriflex Group Inc. now owns 642 shares of the exchange traded fund’s stock valued at $155,000 after acquiring an additional 48 shares in the last quarter.

About iShares Russell 2000 ETF

iShares Russell 2000 ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell 2000 Index (the Index). The Index is a float-adjusted capitalization weighted index that measures the performance of the small-capitalization sector of the United States equity market and includes securities issued by the approximately 2,000 smallest issuers in the Russell 3000 Index. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.